Tag Archives: Kofi Annan

Globalisation: Speech at the Koenigswinter Conference in Oxford, UK

Over 200 years ago, when Adam Smith set about forming his moral ideas of the free market, he made it clear that the wealth of nations requires a strong state, not a weak one! At least three conditions need to be granted by the state: External peace, a reliable legal frame, and a healthy infrastructure that benefits all competitors but would not be paid for by any individual actor. more…